DegenChain Tops Transaction Throughput Charts
DegenChain Tops Transaction Throughput Charts
🚀 Blockchain Breakthrough!
DegenChain, a blockchain network launched in early 2024, has achieved a remarkable milestone by surpassing all other blockchain platforms in terms of transactions per second (TPS). This outstanding accomplishment showcases the network's scalability and efficiency in processing a high volume of transactions. The DegenChain team has expressed immense pride in the project's success and the progress made by the $DEGEN token, which was introduced in January 2024 as an ERC-20 token on the Ethereum network. The $DEGEN token has played a crucial role in reshaping the Farcaster ecosystem by enabling users to reward quality content, bridging the gap between online contributions and real-world value.
Incredible to see DegenChain leading the TPS charts across all blockchains! It's an outstanding achievement and we're immensely proud of everything $DEGEN has accomplished! cointelegraph.com/news/degen-cha…
Security Alert: Increased Scam Activity During Market Uptrend
As market conditions improve, there's a notable increase in scammer activity targeting crypto users. Key safety reminders: - Never trust unsolicited links or messages, regardless of appearance - Use only [Degen.tips](http://Degen.tips) as the official website - Verify authenticity through official Farcaster channel: [warpcast.com/jacek](http://warpcast.com/jacek) Multiple reports of impersonators attempting to phish and steal assets have emerged. Exercise heightened caution when connecting wallets or approving transactions.
Lightweight Farcaster Client Announcement
A new minimalist Farcaster client combining elements of 4chan and HackerNews is in development. The platform emphasizes simplicity with: - Thread bumping functionality - Built-in tipping system - Anonymous posting by default - Focus on text and image content only The client strips away common social features like profiles, direct messages, frames, and recasts. Launch is scheduled for FarCon. This development follows Farcaster's recent integration with Coinbase Wallet's social feed, marking significant mainstream expansion.
Advent of Degen - Day 18 Highlights
**@kaspotz**, creator of @poidhxyz, receives community recognition for building one of Degen chain's most engaging platforms. The platform enables users to: - Post bounties - Verify completion with photos - Earn rewards **Bridge Updates:** - bridge.degen.tips preparing to implement Stargate routes - Currently users can bridge directly via Stargate - Trading available on @CamelotDEX after bridging *Notable Achievement:* @poidhxyz recently celebrated 2,000 DEGEN bounties milestone.
DEGEN Implements Anti-Farming Measures and Plans Vault Upgrade
DEGEN is cracking down on tip-for-tip farming: - Users caught trading tips excessively will lose their allowance - Daily tip allowances total 5M DEGEN ($1.2M/month at current prices) - Planned vault upgrade: longer locks = larger share of tip pool DEGEN aims to discourage low-tier farmers and maintain system integrity. Users are advised to consider these changes when locking DEGEN. **Reminder:** To receive tip allowances, extend your lock or re-lock withdrawable LDEGEN.
Vitalik Buterin Uses $DEGEN for Charitable Causes
Vitalik Buterin, co-founder of Ethereum, has utilized $DEGEN tokens to support important causes. This move highlights the potential of cryptocurrencies to make positive impacts beyond financial transactions. Key points: - Buterin still holds 7.5M $DEGEN tokens - The use of $DEGEN for charitable purposes aligns with the token's community-centric ethos - This action demonstrates how Ethereum enables the creation of unique communities and economies The $DEGEN community expresses respect and appreciation for Buterin's actions, emphasizing the importance of using blockchain technology for social good.